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Jul 7, 2010
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the deficit concerns, and the very act of highlighting fears about the deficit undermines the effort to stimulate the economy. so you -- it's almost like a doesn't matter if he believes that there should be more government spending to get the economy going if he's also going to say that we have all this, you know, that we have problems with the deficit because saying that have you problems with the deficit undermines your ability to get -- to get money through congress. >> yeah. it's a terrible idea. david axelrod was right in the beginning, not at the end or not currently. all right. ryan grim from "the huffington post," thanks so much for joining me. >> thanks for having me. >> joining us is a republican congressman to give us a different perspective on this. congressman franks, welcome. >> great to be here. >> now, i assume you think along with the deficit commission that social security is a large part of the problem. is that right? >> well, i think government is spending in general is a large part of the problem. government has grown to the extent that it's overwhelming so much
the deficit concerns, and the very act of highlighting fears about the deficit undermines the effort to stimulate the economy. so you -- it's almost like a doesn't matter if he believes that there should be more government spending to get the economy going if he's also going to say that we have all this, you know, that we have problems with the deficit because saying that have you problems with the deficit undermines your ability to get -- to get money through congress. >> yeah. it's a...
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Aug 2, 2010
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but they're not only large deficits, but what i think is important here, they're deficits not by doing something constructive to rebuild america, but they're deficits that are just paying people not to work. that just doesn't make sense, if you tax people who work and you pay people who don't work, you're going to get a lot of people not working and that doesn't make sense to me. >> if you put money into unemployment, it actually has a good multiplier for the economy. but i want to go to the core of supply side economics. because reagan did supply side economics and if you look at the deficit, you look at the debt, it didn't work. >> i don't know that that's true. if you look at economic growth during reagan, it was really pretty spectacular, and the economic growth under bill clinton was spectacular, economic growth under kennedy. all of those were supply side administrations, i think they did a pretty good job. you pay your money and take your choice. i sure would rather have reagan and clinton than nixon, ford and carter. >> clinton raised taxes, he didn't do supply side economics.
but they're not only large deficits, but what i think is important here, they're deficits not by doing something constructive to rebuild america, but they're deficits that are just paying people not to work. that just doesn't make sense, if you tax people who work and you pay people who don't work, you're going to get a lot of people not working and that doesn't make sense to me. >> if you put money into unemployment, it actually has a good multiplier for the economy. but i want to go to...
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Oct 16, 2012
10/12
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the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i think that was quite an intro. i do think you make a series of great points. we forget that before barack obama ever walked into the oval office, president bush had spent a trillion dollars that year. they want to blame -- it's funny. you listen to them talk about it and you forget that that was all under their watch. and so many of the policies that we're trying to unwind right now, we ended the war in afghanistan. we had to put more troops in afghanistan, now we're in the process of bringing more troops home. the bush tax cuts a lot of things that we're having to continue to pay for that are really the result of h
the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i...
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Jul 20, 2010
07/10
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they don't add to the deficit them actually reduce the deficit. the shock political development tonight is the way that this philosophy, this talking point is being debunked and dismantled, complete with a that i havy insulting from within the republican party. a nationally known republican sage. a public gray beard is taking his fellow republicans apart on this. >> so what i'm saying is that it just isn't going to work. and it is very interesting that the man who invested this type of what i call a voodoo economic policy -- >> voodoo economics. the idea that massive tax cuts can actually reduce the deficit and help balance the budget. it is voodoo economics. burn! that was, of course, george herbert walker bush way back in the primary season before the 1980 election. debunking fellow republican ronald reagan's promise. his campaign promise that he would balance the budget while also giving massive tax cuts. >> a big difference, for example, that the governor and i have regards this tax cut. in my judgment, that economic program would exacerbate t
they don't add to the deficit them actually reduce the deficit. the shock political development tonight is the way that this philosophy, this talking point is being debunked and dismantled, complete with a that i havy insulting from within the republican party. a nationally known republican sage. a public gray beard is taking his fellow republicans apart on this. >> so what i'm saying is that it just isn't going to work. and it is very interesting that the man who invested this type of...
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Feb 14, 2011
02/11
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>> independents care about deficits. they lost them in the mid terms. but it's a double digit turn around. he's made a big round what we saw in the last congress. this kind of language says he's not taking the sledge hammer to it he's using a scalpel. >> your talking the 55-year-old guy who got bounced from a job that he had 30 years. >> he's not talking to the unemployed. he's talking to people who don't like the partisan bickering, they got kids, it's about the future, but they are independents, they want to see both parties working together here. that's why they are taking the reasonable line. what your going to cut and are you going to -- >> he said if you stick your neck out and say you'll cut social security and medicare you'll get killed because the other side exploits it. so, we always like to say courage counts, profiles in courage and we would like to see them do it. kbhoe the minute they do it, boner and cantor will jump on them. >> the experience of health care. ads against their cuts on medicare. this is why it's a political document. neith
>> independents care about deficits. they lost them in the mid terms. but it's a double digit turn around. he's made a big round what we saw in the last congress. this kind of language says he's not taking the sledge hammer to it he's using a scalpel. >> your talking the 55-year-old guy who got bounced from a job that he had 30 years. >> he's not talking to the unemployed. he's talking to people who don't like the partisan bickering, they got kids, it's about the future, but...
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Jul 6, 2010
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it's true reagan had the highest deficit since world war ii. obama had higher deficit. he's apologetic about the reasons. conservatives can say taxes were lower. they can't defend it at every level. democrats can't really defend the way they've governed based on what they ran on. it's fun to compare a couple of these different hews. certainly obama deserves more credit on foreign policy. but he's not a conservative. come on. >> not come on. you make a good point in that reagan pushed the spectrum further right. but the flip side is the spectrum already moved. obama is not pushing it left. when reagan did it, was it conservative to do amnesty? now they would go ballistic if obama did amnesty for illegal immigrants, and that's it. wouldn't they? >> i would like to see frank's answer to that. this is something conservatives wrestle with. we have better border control than two years ago. there's space to say it's unfair every single thing obama does is to liberty. it was a variation of one composed. he's adapted to a spectrum that has been shifted to right. he's not doing a
it's true reagan had the highest deficit since world war ii. obama had higher deficit. he's apologetic about the reasons. conservatives can say taxes were lower. they can't defend it at every level. democrats can't really defend the way they've governed based on what they ran on. it's fun to compare a couple of these different hews. certainly obama deserves more credit on foreign policy. but he's not a conservative. come on. >> not come on. you make a good point in that reagan pushed the...
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Jul 19, 2010
07/10
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if do you what they want to do and repeal, they are adding to the deficit. if i could just go make a couple points here because pete really said what we're saying. i wrote it down. they want to go back to the same agenda. the same agenda that got us into this mess. the bush tax cuts for the wealthy in 2001 and 2003, we know they didn't create any jobs because at the end of that eight-year period you had a loss of private sector jobs and that's a fact. why in the world we would want to go back to that agenda i think is a mystery to me and it's going to be a mystery to the american people going forward. what they do have some creative ideas including the guy who's their point person on the budget committee which is the road map plan. they would go back to a proposal to partially privatize social security, which is something pete has supported and we can have that debate but the american people need to know that and they also have a plan to turn medicare into a voucher program. you give the senior the voucher. by the way, the value of that voucher will decrease
if do you what they want to do and repeal, they are adding to the deficit. if i could just go make a couple points here because pete really said what we're saying. i wrote it down. they want to go back to the same agenda. the same agenda that got us into this mess. the bush tax cuts for the wealthy in 2001 and 2003, we know they didn't create any jobs because at the end of that eight-year period you had a loss of private sector jobs and that's a fact. why in the world we would want to go back...
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Feb 2, 2013
02/13
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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Oct 17, 2012
10/12
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that's what took us from surplus to deficit. when he talks about getting tough on china, keep in mind that governor romney invested in companies that were pioneers of outsourcing to china and is currently investing in countries, in companies that are building surveillance equipment for china to spy on its phone folks. governor, you're the last person who's going to get tough on china. and what we've done when it comes to trade is not only signed three trade deals to open up new markets, but we've also set up a task force for trade that goes after anybody who is taking advantage of american workers or businesses and not creating a level playing field. we've brought twice as many cases against unfair trading practices than the previous administration, and we've won every single one that's been be. when i said that we had to make sure that china was not flooding our domestic market with cheap tires, governor romney said i was being protectionist. that it wouldn't be helpful to american workers. well in fact we saved a thousand jobs
that's what took us from surplus to deficit. when he talks about getting tough on china, keep in mind that governor romney invested in companies that were pioneers of outsourcing to china and is currently investing in countries, in companies that are building surveillance equipment for china to spy on its phone folks. governor, you're the last person who's going to get tough on china. and what we've done when it comes to trade is not only signed three trade deals to open up new markets, but...
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Jul 18, 2010
07/10
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the deficit was 3.2%. the last year president bush was in office. now it's 10%. the debt was $2.3 trillion lower when -- in 2008 than it is now because of runaway spending and debt. >> my question is still, what is the division of the republican party today than the bush administration. >> they had single party government and it's scaring the living daylights out of them. it's keeping job creators on the sidelines rather than investing and create jobs. that's why the private sector -- >> maybe they'll see that as a strategy of saying no rather than saying yes to something? >> well, my constituents in texas, i have to tell you, to all the bad ideas they hear coming out of washington these days, no is a good start. and then they want us to replace it with common sense policies that actually make sense. but the problem is, our friends on the democratic side, including the president, have passed one unpopular policy measure after another and told the american people, we don't care what you think. we know better than you do what's good for you and i think the birds ar
the deficit was 3.2%. the last year president bush was in office. now it's 10%. the debt was $2.3 trillion lower when -- in 2008 than it is now because of runaway spending and debt. >> my question is still, what is the division of the republican party today than the bush administration. >> they had single party government and it's scaring the living daylights out of them. it's keeping job creators on the sidelines rather than investing and create jobs. that's why the private sector...
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Jun 6, 2012
06/12
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he has trillion dollar deficits for the next ten years. you can criticize paul ryan and criticize the republicans and the senate has not produced a budget in over three years. the democrats aren't serious about fiscal responsibility. >> these are silly points. >> wait. >> let me say this. >> if it is silly, julian, why thaent they produced a budget in three years. >> let me explain that. they're never paid attention to anyway. what matters is proengss bills which the senate has done. when your president, president bush game into office we had a projected $6 trillion surplus. he left us with an $11 trillion debt. >> let julian finish. >> we were in a recession and we have come from losing 800,000 jobs a month, ron, to gaining about 200,000 on average. >> funny, martin, it is always i have to wait for them but you cut me off. >> no, no. >> wait. >> it is just courtesy when he is speaking. >> and the courtesy would be nice to be shown as well. >> it is being extended even as we speak. >> even as we week. you know darn well, you're a daughter.
he has trillion dollar deficits for the next ten years. you can criticize paul ryan and criticize the republicans and the senate has not produced a budget in over three years. the democrats aren't serious about fiscal responsibility. >> these are silly points. >> wait. >> let me say this. >> if it is silly, julian, why thaent they produced a budget in three years. >> let me explain that. they're never paid attention to anyway. what matters is proengss bills which...
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Jul 28, 2011
07/11
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and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the debt limit going and it will prevent us from doing infrastructure work. the green energy work that we need to do. p to put people back it work here in america. >> senator sheldon whitehouse, thank you. >> thank you, reverend. >> now from the washington post and msnbc analyst richard wolfe. dana to you on the hill first, do you have any information we didn't get from luke? can you give me some inside tidbits on how the vote is not coming around for speaker, get your butt in line baner? >> not quite the way he ordered. i think he laid it out pretty well. i was
and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the...
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Aug 3, 2010
08/10
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, but the way to deal with that deficit is not punishing the middle class as the republicans want, but take a look at all of those tax loopholes to go to the wealthy and large corporations. this year our friends at exxon mobil had a bad year. they made $19 billion in profits. do you know how much they paid in taxes? >> i'm sure less than i did. >> it's not only less. it's zero plus $156 million in an irs fund. $156 million ever year go into cayman islands by rich guys and their corporations. we need to absolutely create jobs. there's a sense of urgency in the obama administration and geithner that is not there. people are desperate. they're hurting. they're worried about the future. let's deal with the deficit by doing away with loopholes and tax breaks. >> i don't disagree with what you're saying. i look at obama and his economic team, though, and i don't look at a group of people the fever to restore job miss the country because they're too busy defending past bad decisions and trying to cover up. that's what i see. >> i tend to agree with you. here's something else. at this moment w
, but the way to deal with that deficit is not punishing the middle class as the republicans want, but take a look at all of those tax loopholes to go to the wealthy and large corporations. this year our friends at exxon mobil had a bad year. they made $19 billion in profits. do you know how much they paid in taxes? >> i'm sure less than i did. >> it's not only less. it's zero plus $156 million in an irs fund. $156 million ever year go into cayman islands by rich guys and their...
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Sep 20, 2010
09/10
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we all want lower taxes, less spending, lower deficit, everything else, more freedom. at the same time, how do you get all of that? and at the same time make sure that we are investing in our children, investing in our infrastructure. how do we bring the deficit down by cutting spending? and where do we cut that spending? it's not enough to just say let's do it. you have to have more than slogans. >> this time a year ago, you were in a feud with former vice president cheney, with rush limbaugh about the nature of the republican party. this is what you said in may of 2009. rush limbaugh says get out of the republican party, he was talking to you. dick cheney says he's already out, speaking about you. i may be out of their version of the republican party, but there's another version of the republican party waiting to emerge once again. that was a year ago. is the tea party what you had in mind? >> i have to point out that mr. cheney pulled that comment back a few weeks later and said maybe i should stay in the party if i chose to remain in the party. i'm kind of like a m
we all want lower taxes, less spending, lower deficit, everything else, more freedom. at the same time, how do you get all of that? and at the same time make sure that we are investing in our children, investing in our infrastructure. how do we bring the deficit down by cutting spending? and where do we cut that spending? it's not enough to just say let's do it. you have to have more than slogans. >> this time a year ago, you were in a feud with former vice president cheney, with rush...
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Apr 11, 2012
04/12
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it's not just the national debt and deficit that president bush left behind. this, for example, is median household income during the bush administration. income went down during the time that president bush was in office. this is the u.s. manufacturing jobs. manufacturing jobs in the united states during the 1990s heading into the year 2000 heading into the bush administration. here is what happened to manufacturing in the united states under president bush. disaster. the manufacturing sector is now rebounding under the current president. look at what happened during the bush administration. throughout most of the 20th century as american workers got more productive, their hourly wages increased as well. if you did more over the course of the hour, you got paid more. worker productivity and hourly wages were tied together as you stl there. what happened during the bush years. rocker productivity skyrockets, hourly wages remained totally flat. there was one silver lining during the bush years. there was one economic exception to these rules. the sole exception
it's not just the national debt and deficit that president bush left behind. this, for example, is median household income during the bush administration. income went down during the time that president bush was in office. this is the u.s. manufacturing jobs. manufacturing jobs in the united states during the 1990s heading into the year 2000 heading into the bush administration. here is what happened to manufacturing in the united states under president bush. disaster. the manufacturing sector...
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Nov 30, 2010
11/10
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>> republicans like to say they're being responsible about the deficit. tax cuts somehow don't factor into that. this is a bigger debate about what government should do and should be at a time when people are still struggling economically. there is something more than politics at play here. when democrats have to be shown -- have to somehow themselves as listening to what voters have wanted? >> although the republicans didn't do that after 2008? but i'm nitpicky. also a pleasure. thank you for joining us, richard. >> thank you, cenk. >> now was this ultimately at photo op with little meaning or substance. listen to what colorado democrat michael bennet said on the floor of the senate just a short time ago. she's just off camera, but he didn't realize the mike was still on. let's listen. >> it's all rigged. i mean. the whole conversation is rigged. the fact that we don't get a discussion before the break about what we're going to do in the lame duck is just rigged. >> if it is rigged, who is rigging it? which side does it come out in favor of? those are go
>> republicans like to say they're being responsible about the deficit. tax cuts somehow don't factor into that. this is a bigger debate about what government should do and should be at a time when people are still struggling economically. there is something more than politics at play here. when democrats have to be shown -- have to somehow themselves as listening to what voters have wanted? >> although the republicans didn't do that after 2008? but i'm nitpicky. also a pleasure....
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Feb 8, 2010
02/10
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if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit without reforming the entitlement programs, medicare, medicaid, social security. and it doesn't have to be a crisis. this is something that can be handled. but one of the things i talk about in my book, one of the lessons that just hit me right between the eyes being in washington, is it's very, very difficult to get congress to act on anything that's big and difficult and controversial if there's not an immediate crisis. and so what it's going to take to get leaders on both sides to come together and deal with this i think is a huge question. >> dr. greensp
if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit...
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Aug 9, 2010
08/10
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a lot of democrats think they have to do it but they also have to bring down deficits and there is no trust or confidence in the ability of washington to do this. >> you transitioned well. listen to john boehner, the potential republican speaker if republicans gain control, on the issue of paying for the extension of the bush tax cuts. >> i am not for raising taxes on the american people in a soft economy. >> that's not the question. are tax cuts paid for or not? >> listen, you're trying to get into this washington game and their funny accounting over there. you cannot get the economy going again by raising taxes on those people who we expect to create jobs in america and to get the economy going again. >> you just got right to this idea of the dysfunctionality. let's talk brass tacks here. the business community. wall street. how would it respond if the tax cuts only get extended for the middle class but not the top 2%? >> you know, i think it would respond okay, chuck. i'm probably in the minority on that. i know people think it is a calamity. what's more of a calamity is the uncert
a lot of democrats think they have to do it but they also have to bring down deficits and there is no trust or confidence in the ability of washington to do this. >> you transitioned well. listen to john boehner, the potential republican speaker if republicans gain control, on the issue of paying for the extension of the bush tax cuts. >> i am not for raising taxes on the american people in a soft economy. >> that's not the question. are tax cuts paid for or not? >>...
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Jul 15, 2010
07/10
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so i care about deficits, absolutely. but what i care even more about is job creation that people have a chance to join the middle class. we saw jobs created, 22 million in the clinton years. because they were responsible about cutting tax e es selectiv and increasing taxes selective and they were responsible about what government programs they formed and they dismantled. 22 million jobs created and incomes went up in those eight years for the average american. and in the next eight years, the eight bush years, only 3 million jobs created and that wasn't even enough to keep up with population growth. so in that sense, there was a relative decline in job creation. and wages were flat or worse for the average american. so -- and coupled with that, what the republicans did in eight years is they cut taxes for the richest americans and they de-regulated wall street and de-regulated worker safety. look what happened to the mine disaster. and de-regulated in terms of safety and environment. look what happened in the gulf of mex
so i care about deficits, absolutely. but what i care even more about is job creation that people have a chance to join the middle class. we saw jobs created, 22 million in the clinton years. because they were responsible about cutting tax e es selectiv and increasing taxes selective and they were responsible about what government programs they formed and they dismantled. 22 million jobs created and incomes went up in those eight years for the average american. and in the next eight years, the...
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Sep 27, 2010
09/10
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deficits and the country. if john stewart and stephen colbert cannot tap into progressive enthusiasm for the democrats and this administration in a positive agenda trying to support the president, it could backfire is the point i'm trying to make. >> the interesting thing siget these messages from people who say i'm moderate and i'm passionate and fired up and i will go to the polls. don't let them show you it's only the people who are angry at obama and yet the polls do show when it comes to enthusiasm, people are more motivated by anger than affection for progressive policy for the president or what the democrats have done in congress. yet we are seeing movement in areas. if you look at the race for california's governor here, jerry brown, the attorney general is leading now with 49% of the support and meg whitman who poured $119 million of her own money into her race has fallen now behind. not by a great deal. if you look at the margin of error, it's not as though -- >> they are tied. >> you are seeing him
deficits and the country. if john stewart and stephen colbert cannot tap into progressive enthusiasm for the democrats and this administration in a positive agenda trying to support the president, it could backfire is the point i'm trying to make. >> the interesting thing siget these messages from people who say i'm moderate and i'm passionate and fired up and i will go to the polls. don't let them show you it's only the people who are angry at obama and yet the polls do show when it...
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Feb 17, 2013
02/13
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we have already made 2.5 trillion dollars in deficit reduction efforts. we are going to -- we're ready as the president said in a very detailed way to make another trillion and a half. provided we can work with our friends in congress. how are we going to do that? one through the lens of how we invest in the middle class families and, two, work together and three, why the president in a plan he laid out, david, was very clear that he'll take on some things that are not popular with our party and i want ask the republicans to do the same thing. >> is a sequester going to happen? >> i sure hope it doesn't. >> wait. the president said during the campaign it's not going to happen. no uncertainty there. >> that's exactly why he laid out a very reasonable plan to ensure that it doesn't. >> right. but republicans say we are done with revenue, yet the president is saying we need more revenue. senate democrats are calling for new tax hikes and spending cuts. boehner says i'm not going to negotiate with the white house any more. let them come to us with a plan. is
we have already made 2.5 trillion dollars in deficit reduction efforts. we are going to -- we're ready as the president said in a very detailed way to make another trillion and a half. provided we can work with our friends in congress. how are we going to do that? one through the lens of how we invest in the middle class families and, two, work together and three, why the president in a plan he laid out, david, was very clear that he'll take on some things that are not popular with our party...
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Mar 6, 2012
03/12
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the vast majority of americans believe it's common sense and if we are serious about paying down our deficit, it's as good a place to start pass any and finally this congress should pass my proposal to give every responsible home owner a chance to save an average of $3,000 a year by refinancing their mortgage at historically low rates. no red tape, no run around from the banks. if you have been on time on your payments and done the right thing and acted responsibly, you should have a chance to save that money your home. programs to build up your equity or put more money in your pocket. that would make a huge difference for millions american families. now, if congress refuses to act, i have said that i'll continue to do everything in my power to act without them. last fall, we announced a initiative that allows millions responsible home owners to refinance at low interest rates. today we are taking it a step further. we are cutting by more than half the refinancing fees that family place for loans insured by the federal housing administration, that will sai the typical family in that situatio
the vast majority of americans believe it's common sense and if we are serious about paying down our deficit, it's as good a place to start pass any and finally this congress should pass my proposal to give every responsible home owner a chance to save an average of $3,000 a year by refinancing their mortgage at historically low rates. no red tape, no run around from the banks. if you have been on time on your payments and done the right thing and acted responsibly, you should have a chance to...
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May 16, 2012
05/12
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i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. [ male announcer ] raise your hand if you've got savings whiplash. you know, from car insurance companies shouting, "save 500 bucks over here!" "no, save 300 bucks over here!" "wait, save 400 bucks right here." with so many places offering so much buck-saving, where do you start? well, esurance was born online, raised by technology, and majors in efficiency. so they're actually built to save you money... and time... and whiplash. esurance. insurance for the modern world. click or call. >>> coming up, mitt romney and the gop's new ad blitz says the president is solely to blame for the national debt. i think they are the ones that will make it worse. we'll explain. >>> later, i'm bringing out
i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. [ male announcer ] raise your hand if you've got savings whiplash. you know, from car insurance companies shouting, "save 500...
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Nov 16, 2012
11/12
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what the fiscal cliff is is really a closing of the deficit and a lessening of the debt. what's the problem? >> the problem is, you know, what we want to do is balance our budget but keep our economy afloat all at the same time. sthaets really the issue. europe is focused single-handedly. there's little they're doing to stimulate the economy. it's not a surprise that the entire euro zone now just slipped into recession, and there's no light at the end of the tunnel here. what we're trying to do is here a combination. we want to try to stimulate with monetary policy, with easy money from the fed while trying to balance our budget and try to keep things under control on the fiscal side. so i think the ideal scenario for the stock market would be something that could give us an indication that the budget will be balanced several years out, and that both sides agree we're going to trim entitledmements a raise revenues to a point to balance things but near-term provide a fair amount of stimulus to keep this insip yus recovery moving forward. >> jack, tell me me why wall street
what the fiscal cliff is is really a closing of the deficit and a lessening of the debt. what's the problem? >> the problem is, you know, what we want to do is balance our budget but keep our economy afloat all at the same time. sthaets really the issue. europe is focused single-handedly. there's little they're doing to stimulate the economy. it's not a surprise that the entire euro zone now just slipped into recession, and there's no light at the end of the tunnel here. what we're trying...
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Feb 2, 2011
02/11
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think the deficit is a major problem, don't you? >> i do. >> was the tax deal, in your opinion, worth the $900 billion added to the deficit? was it worth it? >> washington does not have a revenue problem, washington has a spending problem. i think it's worth it. it will create jobs and help the economy. >> if you want tax cuts, then x happening in the world is a reason for tax cuts. if the opposite of x happens in the world, that, too, is a reason for tax cuts. that's opportunism in action. here is how it's working about the egypt story. here is the former ambassador for the u.n. he thinks it means it's time for somebody to bomb iran. >> i don't think there's much time to act. i think the fall of the egyptian government committed to the peace agreement will speed that up. as of now, i think israel could do what needed to be done, but they can't wait much longer. >> there are other occasions he thought they should be bombed. unrest in gaza, he said that was a good time. when george w. bush was leaving office, that was a good time. th
think the deficit is a major problem, don't you? >> i do. >> was the tax deal, in your opinion, worth the $900 billion added to the deficit? was it worth it? >> washington does not have a revenue problem, washington has a spending problem. i think it's worth it. it will create jobs and help the economy. >> if you want tax cuts, then x happening in the world is a reason for tax cuts. if the opposite of x happens in the world, that, too, is a reason for tax cuts. that's...
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Dec 8, 2010
12/10
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people are not supporting adding onto the deficit. keep in mind -- >> but, congressman, what would your strategy be, then, from this point guard? i've been reading your letter, studying, and you're not actually saying any specific thing in terms of procedure that should happen next. what do you want the president to do now? >> well, i'm going to vote against this package. >> you will vote against it. >> i will. now, here's the -- here's the dilemma. i mean, the president made his deal. from my perspective he made a deal that casts aside a central part of his campaign, we have to cast aside the bush tax cuts but he did it in the-in-inning. >> what is the ninth inning? is it new year's eve where you take it to the limit? >> the ninth -- you know, i absolutely would. i mean, you know the senate -- >> let me get something straight. would you allow the clinton tax rates to take effect on january 1st and have taxes go up for every taxpayer in vermont in order to continue the jousting with republicans over this issue, or do you believe that
people are not supporting adding onto the deficit. keep in mind -- >> but, congressman, what would your strategy be, then, from this point guard? i've been reading your letter, studying, and you're not actually saying any specific thing in terms of procedure that should happen next. what do you want the president to do now? >> well, i'm going to vote against this package. >> you will vote against it. >> i will. now, here's the -- here's the dilemma. i mean, the president...
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Apr 14, 2011
04/11
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hit spending and deficit targets that are less ambitious than the last plan he came up with a commission to come up with a plan. so, this wasn't a plan. this was punting. >> the president goes and delivers this speech in which the only concrete proposal that he proposed was raising taxes. and that solution falls far short of dealing with the kind of crisis that we're facing as far as the debt is concerned in this country. we care about these entitlement programs. that's why we're trying to say you got to have the safety net for those who need it. we have spoken to the specifics. mr. president, we are serious, where are you? >> still according to moody's the president's plan may be a positive for the country's quality. here's some of the reaction to the speech in today's papers. president obama reinvigorated. the man america elected president has re-emerged. >>> former president bush chief of staff karl rove writes in the wall street journal quote -- >>> on capitol hill, the house and senate are expected to vote today on the much debated spending compromise that will fund the government f
hit spending and deficit targets that are less ambitious than the last plan he came up with a commission to come up with a plan. so, this wasn't a plan. this was punting. >> the president goes and delivers this speech in which the only concrete proposal that he proposed was raising taxes. and that solution falls far short of dealing with the kind of crisis that we're facing as far as the debt is concerned in this country. we care about these entitlement programs. that's why we're trying...
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Aug 6, 2010
08/10
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because of what they did to the deficit. the president is really being smart about this. this is not a referendum on the obama administration. if it is, we don't win. this is a choice. do you want to go what we had, which is what republicans have said they will do? or do you want to keep going and use real discipline on the budget deficit? you certainly can't do that by putting the republicans back in office. >> howard dean, thanks for your time. >> thanks for having me. >>> as we mentioned earlier, there's reportedly something in president bush's new book on the inside story of his presidency he does not want american voters to know before they go to the polls this year. the financial times quotes unnamed friends that he did not want to insert himself into the election. mr. bush has done this before, making himself scarce in the 2008 presidential campaign of john mccain. nor is his secrecy not the only thing republicans want to know in november. he'll remind voters while democratic scandals play out in the house, john boehn
because of what they did to the deficit. the president is really being smart about this. this is not a referendum on the obama administration. if it is, we don't win. this is a choice. do you want to go what we had, which is what republicans have said they will do? or do you want to keep going and use real discipline on the budget deficit? you certainly can't do that by putting the republicans back in office. >> howard dean, thanks for your time. >> thanks for having me....
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Jul 9, 2012
07/12
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first president bush left us in a deficit. it wasn't enough to overcome the initial reagan tax cuts. even though reagan also raised taxes. they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her congressional seat in philadelphia. so this was a big blood bath for the democrats but they were proved right. >> let me bring the politics of this in. the battle for the middle class. president obama today asking the congress to compromise by extend tax cuts for the middle class, not the wealthy. let me play you something he said and get your response of what the politics should be. >> so we should agree to extend the tax cuts for the middle class. let's agree to do what we agree on. right? let's not hold the vast majority of the economy hostage w
first president bush left us in a deficit. it wasn't enough to overcome the initial reagan tax cuts. even though reagan also raised taxes. they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her...
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Feb 4, 2011
02/11
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>> until republicans pivot from health care and deficit reduction to their own ideas on jobs, i think he's going to win by default. >> i'm going to be right back with something interesting to say about glenn beck and whether he's still got everything organized up here. you're watching "hardball" only on msnbc. >>> let me finish tonight with this country's own version of deranged politics. we think of the rhetoric that comes out of the middle east as incessantly wildly over the top. people shout out death to this or death to that. it's never, i happen to disagree with that. it's always, this guy is the devil and i have the truth of the god on my side. well, we shouldn't be so arrogant. there are people in the west who talk with the same violence, hatred and religious absolutism that we see on the streets of cairo. one of them, glenn beck. we showed you his charges earlier this week, that bush father and son being in cahoots with the muslim brotherhood, guiding our bombers to avoid what is the world capital of what beck proclaims to be the seat of power in the global caliphate stretchin
>> until republicans pivot from health care and deficit reduction to their own ideas on jobs, i think he's going to win by default. >> i'm going to be right back with something interesting to say about glenn beck and whether he's still got everything organized up here. you're watching "hardball" only on msnbc. >>> let me finish tonight with this country's own version of deranged politics. we think of the rhetoric that comes out of the middle east as incessantly...
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Jun 5, 2012
06/12
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outlining the causes of the national deficit. see the red part? taking up most of the space is this red part. those are the bush tax cuts. and another huge part of the deficits come from the wars that bush got us into. but if rove is serious about cutting spending, i'm sure he agrees to having the tax cuts go, right? wrong. under the super pac's website it says they support house bills 206 and 86. which would make the bush tax cuts permanent. carl voef and the rest of his right wing are perfectly happy to keep on spending money as long as they're the ones who get to do it. didn't he think he would notice his hypocrisy in this? nice try, but he gotcha. yone in, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative s
outlining the causes of the national deficit. see the red part? taking up most of the space is this red part. those are the bush tax cuts. and another huge part of the deficits come from the wars that bush got us into. but if rove is serious about cutting spending, i'm sure he agrees to having the tax cuts go, right? wrong. under the super pac's website it says they support house bills 206 and 86. which would make the bush tax cuts permanent. carl voef and the rest of his right wing are...
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Nov 19, 2010
11/10
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they put that towards the deficit next year. the problem with that, chris, as you know, for budgeting is what happens the following year? theres no $1.4 billion to plug in. all you've done is brought yourself one year of leeway. it doesn't solve the problem. >> let me play for you what tom corbit said. he is the incoming governor of pennsylvania. here you go. >> we have been going in a direction where we increase our budget by 40%. we increte our debt by 40% and we continue to see a population of our young people leaving pennsylvania. we have great challenges in front of us, but i view those as a great opportunity to change what has not been working for the last 25, 30 years. >> and i don't want to just make this about pennsylvania, because you have a much larger perspective about this. but what can governors do? look, they're going to have to figure this stuff out. so, what are their alternatives? >> well, first of all, i just want to say that these he's wrong about young people leaving pennsylvania. young people are staying an
they put that towards the deficit next year. the problem with that, chris, as you know, for budgeting is what happens the following year? theres no $1.4 billion to plug in. all you've done is brought yourself one year of leeway. it doesn't solve the problem. >> let me play for you what tom corbit said. he is the incoming governor of pennsylvania. here you go. >> we have been going in a direction where we increase our budget by 40%. we increte our debt by 40% and we continue to see a...
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Aug 25, 2010
08/10
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also, how can republicans talk about cutting deficits and at the same time demand the bush tax cuts for the top 2% of the country be extended? the man who would be speaker, john boehner, tried to make that case today. vice president joe biden responded saying boehner was basically saying the way to get out of our current economic rut was to follow the bush policies that put us in the rut in the first place. >>> plus, it's primary day today in five states. including florida and arizona. the polls just closed in most of arizona and we'll report the results as they came in. we'll lay out what all of today's voting will tell us about november and what's at stake for both parties. >>> also, if you're looking to come to washington for glenn beck's rally, a tea partier has written the cliche written guide to avoiding black people on a subway in washington. what a great way to celebrate the anniversary of the great martin luther king king "i have a dream" speech. we'll poke fun at the scheduling of this event, among other things. >>> finally, mitch mcconnell says he takes president obama at his
also, how can republicans talk about cutting deficits and at the same time demand the bush tax cuts for the top 2% of the country be extended? the man who would be speaker, john boehner, tried to make that case today. vice president joe biden responded saying boehner was basically saying the way to get out of our current economic rut was to follow the bush policies that put us in the rut in the first place. >>> plus, it's primary day today in five states. including florida and arizona....
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May 16, 2012
05/12
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i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. hey nee? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in math and science. let's shoot for the stars. let's invest in our teachers and inspire our students. let's solve this. oh! seriously?! ♪ [ male announcer ] hunger getting to you? oh... [ male announcer ] grab a ritz crackerfuls. made with real peanut butter and whole grain. mmmm [ male announcer ] get hunger before it gets you. you could spend as much as $200. olay says challenge that with an instrument that cleanses as effectively as what's sold by skin professionals for
i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. hey nee? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and...
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May 15, 2012
05/12
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that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >> what did you hear that would substantively reduce the deficit? >> first of all when he says we need to stop spending money in washington, he's absolutely right. no, i'm actually going to give you the truth. the percentage of spending to gdp is 24%. the average post world war ii average of gdp spending is 21%. we are spending far too much money in these times. so when you say -- >> how is mitt romney going to increase the size of the military and shrink everything else and control the deficit? i can't work that out. sorry. go ahead? >> and he is going to cut taxes. how does he close the deficit
that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >>...
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Aug 27, 2012
08/12
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there's a 120% deficit when it comes to caring about people. why do you think? >> it's an advantage the president has temporarily. but as the president goes on the attack, constantly attacking. constantly using negative messaging, i think his connectivity with people will drop. he's going forward to reconnect with people to set the stage for the general election and show who he is, what's in his heart. i think the acceptance speech is a great place to start. >> you'll also speak. you'll have a prominent role. when you're not running, you can be lynned to more. what is it that you'd like your party to hear? >> well, i'm going to talk about education. it's something that is not a national program, but it's a graet party. there's no amount of government programs that could fill that void. we have this big debate about class warfare. the president is constantly trying to divide the country by saying rich people need to pay more and they didn't build what they built. it was a communal effort. i'm passionate about this because i think american -- the american politica
there's a 120% deficit when it comes to caring about people. why do you think? >> it's an advantage the president has temporarily. but as the president goes on the attack, constantly attacking. constantly using negative messaging, i think his connectivity with people will drop. he's going forward to reconnect with people to set the stage for the general election and show who he is, what's in his heart. i think the acceptance speech is a great place to start. >> you'll also speak....
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Aug 1, 2011
08/11
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. $1.65 trillion deficit, 22 billion is just a little bit of change. we need a lot more to avoid the problem. i think a lot of concern is about default that was never going to occur. downgrade of credit rating is a real threat unless we make serious structural reforms. >> congressman, if your vote would cause default, if that would cause us to go to default, risk federal services and federal workers, doesn't that bother you? >> yeah. i would be bothered if we had a default. that's what i said. i would also be bothered if the president withheld social security checks. as of today, as far as i know, there's sufficient funds to pay all our obligations and importantly the president can pri pri prior advertise. >> you then play a game how long can we keep it going, keep the confidence of the markets around the world. why would we act like that won't have impact on the average person in your district? >> i agree, a downgrade will impact it. and credit rating, s&p 500 and moody's suggest a downgrade could happen and is likely unless we make real cuts. >> but
. $1.65 trillion deficit, 22 billion is just a little bit of change. we need a lot more to avoid the problem. i think a lot of concern is about default that was never going to occur. downgrade of credit rating is a real threat unless we make serious structural reforms. >> congressman, if your vote would cause default, if that would cause us to go to default, risk federal services and federal workers, doesn't that bother you? >> yeah. i would be bothered if we had a default. that's...